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Monoethylene Glycol Market - Share, Growth by Top Company, Geographical Region Analysis and Opportunities by 2023
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Monoethylene glycol is commonly known as ethylene glycol that is a colorless, sweet tasting, and odorless organic compound. Monoethylene glycol is manufactured from ethylene, a downstream product of natural gas and crude oil. Monoethylene glycol is one of the most important raw materials required for industrial applications.
Based on application, the monoethylene glycol market can be segmented into antifreeze, polyester fiber, polyethylene terephthalate (PET), and others. The major application areas of monoethylene glycol are polyester fiber and polyethylene terephthalate (PET).
Monoethylene Glycol Markets.jpg.pngGeographically, Asia-Pacific is the largest market for monoethylene glycol. During the forecast period, the Asia-Pacific monoethylene glycol market is expected to grow at the fastest rate, owing to the presence of large number of fibers and textile manufacturers in the region.
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Several major players such as Reliance Industries Limited and Royal Dutch Shell PLC are involved in the production of raw materials. Monoethylene glycol is produced from ethylene, a downstream product of crude oil. Reliance Industries Limited and Royal Dutch Shell PLC are also involved in the manufacturing of monoethylene glycol.
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𝐌𝐨𝐧𝐨𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐆𝐥𝐲𝐜𝐨𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
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𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰…
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